分析師預測加密貨幣市場選擇權到期後將趨於穩定

今天，價值約 15.4 億美元的比特幣 (BTC) 和以太坊 (ETH) 選擇權即將到期，引發了巨大的預期

A substantial amount of Bitcoin (BTC) and Ethereum (ETH) options are expiring today, leading to anticipation in the crypto market.

大量比特幣（BTC）和以太幣（ETH）選擇權今天即將到期，引發了加密市場的預期。

Expiring crypto options often result in significant price volatility, prompting traders and investors to monitor today’s developments closely.

到期的加密貨幣選擇權通常會導致價格大幅波動，促使交易者和投資者密切關注當今的發展。

According to data from Skew, expiring Bitcoin options have a notional value of $1.04 billion, with 18,339 contracts set to expire.

Skew 的數據顯示，即將到期的比特幣選擇權名義價值為 10.4 億美元，其中有 18,339 份合約即將到期。

The contracts have a put-to-call ratio of 0.71 and a maximum pain point of $62,000.

這些合約的看跌期權與看漲期權比率為 0.71，最大痛點為 62,000 美元。

In options trading, the maximum pain point is the price level that causes maximum financial pain for option holders.

在選擇權交易中，最大的痛點是給選擇權持有者帶來最大財務痛苦的物價水準。

The put-to-call ratio suggests a prevalence of purchase options (calls) over sales options (puts).

看跌期權與看漲期權比率顯示購買期權（看漲期權）比銷售期權（看跌期權）普遍存在。

On the other hand, Ethereum has 162,782 expiring contracts with a notional value of $501.12 million.

另一方面，以太坊有 162,782 個即將到期的合約，名義價值為 5.0112 億美元。

These contracts have a put-to-call ratio of 0.37 and a max pain point of $3,350.

這些合約的看跌期權與看漲期權比率為 0.37，最大痛點為 3,350 美元。

According to analysts at Greeks.Live, the recent market sell-offs have led to heavy losses for crypto markets, with BTC falling to $57,000 and ETH to $3,100.

Greeks.Live 分析師表示，最近的市場拋售導致加密貨幣市場損失慘重，BTC 跌至 57,000 美元，ETH 跌至 3,100 美元。

The data also shows that BTC’s short-term implied volatility (IV) is up 10%.

數據也顯示，BTC的短期隱含波動率（IV）上漲了10%。

Meanwhile, the Deribit Implied Volatility Index (DVOL) is up 3%, and ETH-related parameters are up slightly less than BTC.

同時，Deribit 隱含波動率指數（DVOL）上漲 3%，ETH 相關參數漲幅略小於 BTC。

Finally, skew values indicate a bearish market sentiment.

最後，偏斜值表示看跌的市場情緒。

“BTC Block put volume is clearly on the rise, the distribution of transactions is more complex, the July 12 58,000 Put is the largest one. Looking at Options Data, whales are not too worried about potential downside risk at the moment and are mainly in the process of adjusting their positions for last week’s quarterly delivery, especially for ETH, where whales are showing low volatility expectations,” the Greeks.Live analysts said.

「BTC Block看跌期權數量明顯上升，交易分佈較為複雜，7月12日的5.8萬份看跌期權是最大的一筆。從期權數據來看，鯨魚目前並不太擔心潛在的下行風險，主要是在為上週的季度交割調整倉位，尤其是 ETH，鯨魚表現出較低的波動性預期。

Both Bitcoin and Ethereum prices have dropped significantly this week.

本週比特幣和以太幣價格均大幅下跌。

On July 4, BTC plummeted from the $60,000 level to reach as low as $56,964 today.

7 月 4 日，BTC 從 60,000 美元的水平暴跌至今天的 56,964 美元。

At the time of writing, Bitcoin is trading at $57,037.

截至撰寫本文時，比特幣交易價格為 57,037 美元。

Similarly, Ethereum plummeted from $3,304 to $3,060 over the same period.

同樣，以太坊同期從 3,304 美元暴跌至 3,060 美元。

ETH is now valued at $3,083, down by 3.4% in the last 24 hours.

ETH 目前價格為 3,083 美元，過去 24 小時內下跌 3.4%。

Industry experts attribute the recent decrease in BTC and ETH prices to heightened sell-offs from long-term whales, including governments.

行業專家將近期 BTC 和 ETH 價格下跌歸因於包括政府在內的長期鯨魚拋售加劇。

As reported by BeInCrypto, on-chain data showed yesterday that the German government’s crypto wallet moved 3,000 BTC, worth approximately $174.3 million, to several destinations.

根據 BeInCrypto 報導，鏈上數據昨天顯示，德國政府的加密錢包將 3,000 BTC（價值約 1.743 億美元）轉移到了多個目的地。

These include major crypto exchanges such as Bitstamp, Kraken, and Coinbase.

其中包括 Bitstamp、Kraken 和 Coinbase 等主要加密貨幣交易所。

While options expirations can cause temporary market disruptions, they typically lead to stabilization.

雖然期權到期可能會導致暫時的市場混亂，但通常會導致市場穩定。

Analysts’ recent insights highlight the historical patterns traders may consider when strategizing their positions.

分析師最近的見解強調了交易者在製定頭寸策略時可能考慮的歷史模式。

Ultimately, traders should remain vigilant, analyzing technical indicators and market sentiment to navigate the anticipated volatility effectively.

最終，交易者應保持警惕，分析技術指標和市場情緒，以有效應對預期的波動。